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CNN 15
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Search Results 0 to 49 of about 93 (some duplicates have been removed)
CNN
Nov 7, 2012 6:00pm PST
to be in the first term. there are parallels to reagan and clinton who had first terms and successful economies for the second terms. are you hoping you are going to get the kind of economic security if not prosperity in this term that will allow you to do the thing that is barack obama when you sailed in on hope and change hoped he could do? >> piers i do believe the economy is ip pron proving. one of the reasons the economy is improving is that it was brave. it was not a popular decision at the time. it was brave to move forward on the recovery act. without that, we would have slid into a second great depression. it was brave to stand up the financial industry when it was on collapse. because he understand that we needed to move the economy forward. and now we are reaping the benefits of that. i believe that gives us a chance to move forward on a series of fronts and further strengthen our economy. we are not losing 800,000 jobs a month anymore. we are gaining them. and that foundation that has been laid it is a foundation on which we can build progress. >> one is i understand that the first
Current
Nov 8, 2012 5:00pm PST
% while the economy added 3.4 million new jobs, all of which sounds great but a federal deficit would rise by $503 billion in 2013 and another $67682 billion. is the emerging choice jobs versus larger, short-term deficits. given the acrimony between the white house and the house of representatives is a deal likely? erskine bowles wrote today in "the washington post" and i quote... but throughout the campaign, president obama insisted that any deal must include tax hikes on the well-to-do. something this campaign senior as viser david axelrod emphasized today. >> he talked about it in debates and speeches. on the need for balanced deficit reduction that included some new revenues and he was re-elected by you know, in a significant way. but if the attitude is that, you know nothing happened on tuesday, that would be unfortunate. >> eliot: that seems to be house speaker john boehner's attitude toward any tax hike at all. take a listen. >> raising tax rates is unacceptable and frankly it couldn't even pass the house. i
CNN
Nov 11, 2012 9:00am EST
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CSPAN
Nov 11, 2012 3:50pm EST
majority of them said that taxing the wealthy was a majority of that. there are other issues on the economy. 70% to 20% said that they trusted the economy. that should not be their goal. their goal should be to hit the 40% level that w. was able to do. that will make them competitive. and they need to also created goal for blacks. they cannot conceive 97% of the black vote. start with 12%, 17%, something. they need to make inroads. is unrealistic to say let's go for hispanics. if they can get to the 38% range, they can be competitive. in the same way, we're talking about the democratic problem with whites. >> in 2013, there is a big deal. comprehensive immigration reform was taken off the table. how far does this get you with this next emerging electorate? what else does the party have to do to get back to the kind of numbers that bush saw? >> is a step in the right direction, but it is far from the whole thing. it is basically ronald reagan mindset that says we welcome anyone who shares our values and our desire for lower taxes. bill back and listen to some of ronald reagan's rhetoric. --
CSPAN
Nov 10, 2012 2:00pm EST
when our economy is still recovering from the great recession, our top priority has to be jobs and growth. that's the focus of the plan i talked about during the campaign. it's a plan to reward businesses that create jobs here in america, and give people access to the education and training that those businesses are looking for. it's a plan to rebuild our infrastructure and keep us on the cutting edge of innovation and clean energy. and it's a plan to reduce our deficit in a balanced and responsible way. this is even more important because at the end of this year, we face a series of deadlines that require us to make major decisions about how to pay down our deficit -- decisions that will have a huge impact on the economy and the middle class, now and in the future. last year, i worked with democrats and republicans to cut a trillion dollars' worth of spending, and i intend to work with both parties to do more. but as i said over and over again on the campaign trail, we can't just cut our way to prosperity. if we're serious about reducing the deficit, we have to combine spendin
ABC
Nov 11, 2012 9:00am EST
money in washington. what's choking our economy and what's choking the economy of greece, but, entitlements are choking us and we've got to make the real reforms to make sure that we do it right. we protect these programs and thirdly, speaker boehner said it very well, i thought he showed great leadership that revenues need to be on the table. again, we need to do it in the right way. bowles-simpson said reduce the reductions where you can, lower tax raets by doing that. george, we got to get this economy going again. we have had an outside group ernest and young look at raising of taxes on the highest income earners. we would lose 700,000 jobs in america. is that the kind of economy that this president wants to start out with in his second term? i don't think so. president obama said two years ago, now is not the time with a sluggish economy to raise taxes. we need to consider the fact that folks who started raising taxes on the business creators. there's a right way to do this and there's a wrong way to do it. and speaker boehner was absolutely correct, you have to have reve
CSPAN
Nov 7, 2012 8:00pm EST
the entire size of our economy. there will be many who will say that we should confront the first of these challenges by letting the tax rates expire and pushing the sequester off to some other day. there would have disengage in the same short-term temporary policies that has helped put us into this fix. let's have more of the same. let's agree to a drive our economy off part of the fiscal cliff instead of driving it off the whole fiscal cliff and we will call it a day. that might get us out of town but it will not get us out of the problem. and it will hurt our economy. we cannot keep going on like that. we cannot keep setting the bar that low. it is time that we raise the bar. the american people did not give us a mandate to do the simple thing. they elected us to lead. they gave us a mandate to work together to do the best for our country. we know what the best thing is, an agreement that sends the signal to our economy and to the world that after years of hunting on the fiscal challenges we face, -- punting the fiscal challenges we face, 2013 is going to be different. if we wa
CSPAN
Nov 14, 2012 10:00am EST
contribute a little bit to helping our economy, and the majority of the people who are fortunate and made a lot of money, they're willing to do this. democrats, independents and republican support the direction of the president regarding this fiscal cliff issue. thanks, everybody. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> you just heard senate democrats speak about elections. the republicans will talk about their own election. main senator-elected angus king saying he'd caucus with the democrats. here's what he had to say. -- maine senator-elect angus king saying he'd caucus with the democrats. here's what he had to say. >> good morning. all set. today i'm announcing my decision as to which party, if any, i'll associate myself in my work here in the u.s. senate. before doing so, however, i'd like to outline my thinking on this issue and set out the principles that have guided my decision. in answering this, who will you caucus with question, repeatedly during the campaign -- and i emphasize the word repeatedly -- i
CSPAN
Nov 9, 2012 8:00pm EST
their ideas as well. in a time when our economy is still recovering from the great recession, our top priority has to be jobs and growth. that is the focus of the plan that i talked about during the campaign. [applause] it is a plan to reward small businesses and manufacturers to create jobs here, not overseas, a plan to give people the chance to get the education and training that businesses are looking for right now. it is a plan to make sure this country is a global leader in research and technology and clean energy, which will attract new companies and high- wage jobs for america. it is a plan put americans back to work, including veterans, rebuilding our infrastructure, and it is a plan to reduce our deficit in a balanced and responsible way. our work is made that much more urgent because at the end of this year we face a series of deadlines that require us to make major decisions about how to pay our deficit down, decisions that will have a huge impact on economies and the middle class, both now and in the future. last year i worked with democrats and republicans to cut $1 trillion in sp
CNN
Nov 7, 2012 9:00pm PST
term. there are parallels to reagan and clinton who had first terms and successful economies for the second terms. that emboldened them to be braver than they might have been. are you hoping you are going to get the kind of economic security if not prosperity in this term that will allow you to do, perhaps, the things that barack obama when he sailed in on hope and change hoped he could do? >> well, piers, i do believe the economy is improving. but i want to challenge a bit of your premise, one of the reasons the economy is improving is because this president was brave. it was brave to intervene and save the auto industry, which was not a popular decision at the time. it was brave to move forward on the recovery act. which again was not popular at the time. without that, we would have slid into a second great depression. it was brave to stand up the financial industry when it was on collapse. even though that was an unpopular thing to do. because he understand that we needed to move the economy forward. and now we are reaping the benefits of that bravery and good decisions be
CNN
Nov 9, 2012 2:00am PST
. if these two men cannot find a way to compromise the impact on the economy could be catastrophic. president obama delivers a big economic speech in about eight hours, and he wants tax cuts for the wealthy to extire. house speaker john boehner drawing this line in the sand. >> raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. i'm not sure it can pass the senate. >> white house correspondent brianna keilar is live from washington, d.c. for us this morning. brianna, speaker boehner seemed to be offering the president on olive branch earlier this week when he talked about the possibility of increasing revenue. but here he's taking a hard stance against tax increases. what does that say about the chances of a compromise? >> well, it may actually sound kind of like it's splitting hairs. but it's ally two different things where he's talking about increasing tax rates. he says he's not okay with that. but he would be maybe okay, maybe amenable to increasing revenue. to bringing in more tax dollars, because there is a difference. and what he's saying is part of a chor
CSPAN
Nov 14, 2012 12:00pm EST
the economy stronger white a set of commitments to finance, a high level of public investments in infrastructure and education and a lot of bipartisan support for that. i think there's a lot of support for doing the obvious things you have to do. you have to pass an extension tax of the amt is very important to do. you listen carefully there's a lot of support for trying to make real progress on the long-term fiscal soundness. there's a lot of benefit in doing that for the economy. how you do that is important. so i think this is a solvable problem and we want to do as much as we can to take an advantage of this opportunity to make some progress in each of those fronts. >> there's one thing about which they're doesn't appear to be a lot of agreement and that is should the bush tax cuts on the overt and hundred 50,000 crowd be extended or should taxes be raised? >> i heard jay carney an hour or so ago say the president will not agree to anything that extends the tax cuts on the upper brackets. that sounds like a line in the sand; is it? >> i do think it's important to start by a
CNN
Nov 11, 2012 9:00am PST
-- i'm not saying the campaign should have been run on them. the economy was obviously the major issue. but you can't take a crouching position if you're a member of a party that believes that all of our children should be welcomed into the world, for example, and protected by the law. >> governor, do you agree with that? >> well, i'd have to say that the republican party needs to decide whether it wants to win or lose going forward. >> and what do you think that would allow you to do? >> well, when we're talking about the party, we're losing. when we're talking about america, we win. so in embrace of all people, in articulation of a vision, people don't want to be moralized to, they don't want to be lectured to, they want to live their lives. they want an economy that works, jobs, opportunities, schools that educate the next generation. and they want to be left alone. and the sooner that we as a party can get around that and start preparing for the 21st century, which is really the discussion that we need to have, how you prepare for the most competitive years ahead in a high liu comp
CSPAN
Nov 9, 2012 2:00pm EST
lines for these tax cuts that would cause damage to the economy if they're not dealt with. extending those tax cuts for 98% of the american people would deal with more than half in dollar terms of the impact caused by the fiscal cliff. there are other challenges we need to address including the sequester but congress ought to, the house ought to pass those tax cuts right away because it would send a tremendous positive signal to the american people that in the wake of this election, we can at the very least, come together and convert into law a bill that everyone agrees should become law, republicans and democrats alike, the president included. and we will then continue to work on those issues where we have broader disagreement. and that's where the president has invited leaders of congress to the white house next week. that's why he will be meeting with business leaders and labor leaders and others to get their ideas about how to move forward. he does have his own very specific plan that reduces the deficit by $4 trillion, that does it in a balanced bay and we can invest in research
CSPAN
Nov 9, 2012 10:30pm EST
the only democratic candidate running on a record of a weak economy and debt crisis that we face and still win. yet, he did. they did very many things that were right. you can point to a couple of things with mitt romney. he may not have been the perfect candidate for 2012 given his corporate turnaround background, secondly, he did not get something republicans have counted on and that is the white working-class voters. in states like ohio, the ads attacking mayor romney as a corporate raider and buccaneer that went on for many months put on by the obama campaign seemed to work. the white working-class vote did not turn out for mitt romney in the numbers he needed. host: you had a piece yesterday, "the survivor in chief." you know to that they expose the myth of the enthusiastic democratic voter. guest: it was a myth i subscribe to for a while. i am sure you read about this over and over again. the democratic voters were dispirited and they were not feeling enthusiastic about the campaign. it was the conservatives and republicans fired up and getting ready to go. the notion was, he would h
MSNBC
Nov 9, 2012 2:00am PST
given where our economy is. >> is it on the table to talk about? >> i made clear yesterday that raising tax rates is unacceptable and frankly it couldn't even pass the house. >> at issue here is this perfect economic storm that could have serious consequences. nbc's andrea mitchell breaks it dun for you. >> reporter: the campaign was tough. victory is sweet. now comes the hard part. >> on january 1st, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. >> reporter: so what exactly is the fiscal cliff? it's night mare combination of tax hikes and spending cuts the president agreed to to force themselves into a compromise. so far, they haven't agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve, the bush tax cuts expeer. the alternative minimum tax kicks in. more than half of all married couples with two children would owe an additional $4,000 in taxes each year. those with three or more children, that jumps to $4700. on top of that, the 2011 temporary payroll tax cut would expire, so add on a 2% tax increase
MSNBC
Nov 9, 2012 6:00am PST
obama and prime minister cameron can do together to get the global economy on track and resolve serious situations like syria. >>> good morning from washington. it's friday, november 9th, 2012. this is "the daily rundown" i'm chuck todd. let's get right to my first reads in the morning. at 11:00, in the white house east room the president will speak to the nation for the first time since his election about what he hopes to accomplish before the end of the year. before taking on the new challenges though the president changed his campaign workers this emotional video from wednesday was released by the obama campaign. >> you guys have done, and the work that i'm doing has improved. i'm really proud of that. i'm really proud of all of you. and -- and what -- [ applause ] >> now it's back to governing. today the president will layout his marker for negotiations on the fiscal cliff. the combination of tax hikes and spending cuts that will kick in at the end of the year if nothing is done. a midnight december 30th, the bush tax rates will expire, the alternative minimum tax kicks in. more tha
CSPAN
Nov 9, 2012 1:00am EST
in the campaign it laid out his economic plan for how to build an economy, strengthen the economy. that is obviously a central focus of not just the next few weeks, but the next four years. part of that is to reduce the deficit in a balanced way. obviously we have some deadlines approaching. one of the messages sent by the american people throughout the campaign, as jim misener mentioned, clearly shows the president's view of making sure that the wealthiest americans are asked to do a little bit more in the context of reducing our deficit in a balanced way. it is clear that the voters did not see compromise as a dirty word. it is essential for democracy. balance is another important component. hopefully in the aftermath of the election our leaders in both parties and around the country will do the right thing here to help move our economy forward. as the president often said during the campaign, we've got a lot more work to do, but we have made progress, and we have to build on that. this is one component of how we do that, moving forward. >> always curious, did you ever think mic
CSPAN
Nov 8, 2012 10:00am EST
of our economy. there will be many who will say with the election over, we should confront the first challenges by electing the top two tax rates expire and pushing it off to somewhere else. they have lessing based in the same temporary policies that have put this into this fix. now they are saying, let's have more of the same. let's to drive our economy of the fiscal cliff and we will call it a day. that might get us out of town but it will not get us out of the problem and it will hurt our economy. we cannot keep going on like that, we cannot set the bar that low. it is time we raise the bar. the american people this week did give us a mandate to simply do the simple thing -- they elected us to lead. they gave us a mandate to work together to do the best for our country. we know what the best thing is, an agreement that sends the signal to our economy and to the world that after years of hunting on the fiscal challenges we face, -- punting the fiscal challenges we face, 2013 is going to be different. if we want to lift the cloud of debt hanging over our country. we will not solve t
CSPAN
Nov 8, 2012 1:00am EST
-growth? it might make the economy grow a little bit. >> the 2 or 3 things help the economy get ahead, neera. >> immigration reform. it does depress wages that you have millions of people undocumented. if you move people out of that status, that will have a positive benefit not just to people, but to wages being depressed. equity is a critical issue. we face a significant challenge -- in the short-term, medium- term, and long term, there is so much inequity in education. it is not something that the political process likes to discuss, but it is one in which we need to think more creatively about how -- it is not good for us in the medium or long-term. >> nice to go last on this because i can think. [laughter] a really high-quality pre-k -- >> i agree. >> education for kids at the bottom of the income scale. this is supported by conservatives and liberals alike. a nobel-laureate economist who i think is associated with republicans has written eloquently about how critically important -- and there has got to be a significant government role. it will not happen without. and this is offbeat, but
FOX News
Nov 9, 2012 3:00pm PST
jobs. >> everyone wants to get the economy moving again. everyone wants to get more americans back to work depen. it will slow down our ability to create jobs that everyone says he wants. >> the stalemate leads both sides no closer to a deal to avoid the fiscal cliff. $700 billion in spending cuts and an end to the tax rates coming at the end of the year. boehner is under pressure from conservatives to not give in on the tax rate increases he is willing to end deductions that could raise the tax revenue. the president is getting pressure from the left. "new york times" columnist paul krugman going so far today to suggest the white house should be willing to daniel the economy to make their point with republicans. writing, "what should he do?" just say no and go over the cliff if necessary. the president said today he is open to giving in to a point. >> i want to be clear. i'm not wedded to every detail of my plan. i'm open to compromise. i am open to new ideas. i'm committed to solving our fiscal channel. i refuse to accept any approach that isn't balanced. >> the president broke w
CSPAN
Nov 14, 2012 5:00pm EST
care of the middle class and have the richest of the rich contributed little bit to helping our economy and the majority of the people who are fortunate and made a lot of money are willing to do this. democrats, independents and republicans support the direction of the president regarding this fiscal cliff issue. thanks, everybody. [inaudible conversations] [inaudible conversations] >> well, good afternoon, everyone. welcome back. the american people have spoken. a week ago they decided in many ways to continue the status quo with divided government. we have a lot of his challenges confronting us here at the end of the cycle, but i would remind everyone that divided government sometimes has some very important things for the country. and of ronald reagan and tip o'neill reforming social security. ronald reagan and tip oatmeal during the last comprehensive tax reform. bill clinton and republican congress with welfare reform and balanced in the budget. so we look forward to making this divided government productive for the american people and the several wellness we have a lot of challeng
FOX News
Nov 11, 2012 1:00pm PST
. they are the ones who hire. that is a huge issue because jobs drive the economy. that is what the cbo is looking at if the fiscal cliff goes through we will see a contraction of the economy. >> gregg: over the next four years, what industries or companies could be winners or losers? >> i mentioned some of the ones that were hard hit and some of the others that did well after the election. if you look at things companies that pay out dividends. >> gregg: utilities. >> very good point. we'll see that the sector hit. it's been down 5% just for fears of this. you could see tech companies go up. they don't pay dividends. they plow their cash back in the company. their lobbyists have been success withful with the congress. >> gregg: financial industry despises the dodd-frank hyper regulations. they were trying too to overturn it. it doesn't look terribly likely right now unless the courts do it in some information. is that still negotiable because the rule making is still in the hands of regulators? >> yeah, it is but a lot of pessimism by banks about this whole issue. they will be facing these regula
CNN
Nov 8, 2012 1:00pm PST
market. that hurts the economy. brooke. >> alison kosik, thank you very much. and thank you very much for being with me here. i'm brooke baldwin at the world headquarters of cnn in atlanta. let's go to my friend wolf blitzer, "the situation room" starts right now. hey, wolf. >> hi, brooke. thanks very much. happening now, president obama gets down to business. he's signaling what his priorities are for term two. also, a dramatic courtroom confrontation of the former congresswoman gabrielle gifford stares down the man who tried to kill her. now that the voters have had their say, colorado's marijuana growers and would-be legal dealers face a showdown with the federal government. i'm wolf blitzer. you're in "the situation room." >>> today we're getting our first inside hints about what's on the president's to-do list now that the election is over. the list includes huge issues like taxes, the deficit, headline making overseas trip and a possible shakeup of his cabinet. let's get right to our chief white house correspondent jessica yellin. she's been doing some reporting. jessica, what a
CNN
Nov 10, 2012 9:00am PST
are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >>> welcome back. the 2012 election is barely over. would you believe political junkies are wondering who may be running for president in 2016? paul steinhouser takes a look at the names being whispered in political circles. paul? >> reporter: susan, call it the never ending campaign. when one election ends, the next one begins. >> i have just called president obama to congratulate him. >> i just spoke with governor romney and i congratulated him and paul ryan on a hard fought campaign. >> reporter: with the 2012 election barely in the rearview mirror, we're already thinking about the next road to the white house. marco rubio heads to iowa next weekend to headline a republican event. does the popular gop
CSPAN
Nov 9, 2012 9:00am EST
in the economy. not the state of the economy. not the number of unemployment at how we've been improving over the are, and incumbents usually accounts or something. if you look at this election you can say a little bit of growth matters. a president who was sort of in the middle, 48, 49% job approval rating for much of this year, and about 1.5% growth, we add that with an income, you probably get a winner of 3% and that's what many of the models looked like. a lot of people thought boy, the economy is so bad, a modest change in the economy was what many political scientists predicted would be helpful to the president, not hurting them. three, what's one thing was really wrong about our analysis of the election? here i'm going to take our focus on ohio. i think we people watched the election night and said well, when ohio was called that's when we knew president obama was president. but there was an interesting light on ohio that went on for quite a while, and that was the polls looked much better for mitt romney at the national level before the hurricane really good mitt romney had some narro
CSPAN
Nov 12, 2012 5:00pm EST
is product and we are proud of to help support of the music back in the classrooms and economy that has had difficulty supporting this. bono is an example of what people together can achieve. if there to irish people, one of them can sing. i am the other guy. i certainly cannot partner with bono in the studio but i can partner to help the lives better round the world. we take this seriously. please welcome me in welcoming bono to the stage. >> thank you very much. >> thank you. he is a very special man. we are thrilled. the band wanted me to say thank you. every school and ireland will have access to free music lessons if they need. brian has been helping us out with that. thanks to the president has made me feel so welcome year into jt right there who is learning the chords of "bloody, sunday bloody" instead of doing his homework. [applause] bad this is the. . you have it here. u2 has played some nice whole. i do not know if this is an election or a pulpit. i feel odd. welcome to pop culture studies 101. please take out your notebooks. we're going to discuss why rock stars should never be
CNN
Nov 9, 2012 4:00am PST
a big speech about the economy. one of the main components of the president's spending plan is higher tax rates for the wealthy. that's something that house speaker john boehner doesn't seem to be buying. listen. >> raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. i'm not sure it could pass the senate. >> without a budget compromise, drastic cuts amendmently kick in. that, of course, could send the economy spiraling back into a recession. white house correspondent brianna keilar is live for us this morning from washington. john boehner was the guy who said he didn't think a lame duck congress could do big things. what can be done in the next, what did i say, 53 days? >> well, maybe finding some sort of stopgap measure. some sort of framework on tax reform, soledad. i think that's the goal here. the fact is, house republicans and president obama and senate democrats, they don't really have a choice. they have to do something, and that became very clear yesterday when the cbo put out a report showing that if the country goes over the fiscal cliff you're
CSPAN
Nov 9, 2012 11:00pm EST
the objective reality, you know, what are the problems with the pack -- pakistani economy, what are the faults of the economy, which is a democracy, even if it's distorted, what are the problems with the neighbors. the main problem i see in the relationship is that we have rather pernicious stereotypes about one another. there's an american narrative and pakistani narrative in the way of our understanding. the american narrative understanding is these are a bunch of thieves and double crossers who take our money and don't do what we want them to do. this is a widespread prejudice against pakistan, and there's enough truth to it in the sense you can always find evidence of this, that it guides a kind of negative downward spiral and makes it hard to develop trust. pakistanis have a narrative that they use us and discard us. use us against the russians in the 1980s, toss us because because of nuclear proliferation in 1990. they use us in the war after 9/11, but after 20 # 14, they are going to go away. you can count on it. pakistanis think americans are hard wired to desert them. this set of ster
MSNBC
Nov 9, 2012 3:00am PST
businesspeople is the wrong prescription given where our economy is. >> is it on the table to talk about the wealthier americans pitch in here. >> i said yesterday that raising tax rates is unacceptable and, frankly, it couldn't even pass the house. >> you will talk about it even if you believe it's the wrong approach, you'll talk about it? >> of course we'll talk about it. we can talk about all kinds of things we may disagree on. i'm the most reasonable, responsible person here in washington. the president knows this. he knows that he and i can work together. the election's over. now it's time to get to work. >> and ato prove his point, listen to what he had to say about the repeal of the president's health care plan which really has been the goal, it really has. it's been the goal -- it's been the holy grail of conservatives over the past two years. listen to what he said when asked whether he would keep trying to repeal obamacare. >> well, i think the election changes that. it's pretty clear that the president was re-elected. obamacare is the law of the land. >> but you won't be spend
CNN
Nov 11, 2012 5:00am PST
: republicans say that will hurt the economy. >> feeding the growth of government through higher tax rates won't help us solve the problem. >> reporter: but the speaker also signalled what could be an opening, saying raising more revenue is now on the table as long as it comes from tax reform and not higher rates. one thing that's clear. lawmakers want the president to be involved in any dealmaking. >> this is his opportunity to lead. >> reporter: and taxes aren't the only hang-up. congress also has to figure out how to reduce spending on entitlements like social security and medicare. those are the democrat's sacred cows. >> reporter: with the balance of poweren changed on capitol hill things could -- a shrt-term deal that postpones the clifr appears most likely. >> just give everybody a little bit of time, a little bit of breathing room to get back next year and think about what and exactly how you want to do this, and give everyone time to negotiate, quite frankly. >> it's sure to be a long and rocky road ahead. >>> friday the president hosts a meeting with congressional leaders with both p
Search Results 0 to 49 of about 93 (some duplicates have been removed)